How Tiger Brands was fleeced out of millions
The fraud by a former manager went undetected for six years, costing the group more than R120m
03 July 2023 - 05:00
A company with just two cars — a pickup truck and a sedan — swindled Tiger Brands of more than R120m in a span of six years without providing the logistics services it purported to be supplying — that is because no such contract between it and the food producer existed.
Business Day understands that the mastermind behind the fraud is Gonaseelan Govender, a former senior manager in the finance department at Tiger Brands. He used Jocatus Transport, a company linked to him and his associate Savithree Samuel, as a front for the fraud...
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